This item identifies the Project Management Institute’s (PMI) project knowledge areas and discusses the first step in the project planning process.
Following the sanctioning of a project proposition and the preparation and issue of an unambiguous Project Charter we project managers then need to plan the execution of our project to achieve the goal, as per objectives, constraints and other information given in the approved Project Charter, which remains our authority and reference point throughout the project life cycle. The resultant Project Plan is a formal, approved document used to guide project execution. It’s a road map that shows how to initiate, sustain and terminate our project. It records planning assumptions and decisions, reduces uncertainty, facilitates communication among stakeholders, and documents approved scope, cost, and schedule baselines. We project managers create the Project Plan to comply with the information given in … Read More »